This year marks the 60th anniversary of our listing on the New York Stock Exchange and, in February, some of our longest-tenured employees celebrated that milestone by ringing the closing bell. We appreciate the support of everyone who has bought shares since trading began on March 3, 1964. On that day, our operations consisted of 252 oil and gas wells in six states. Today, propelled by bold ideas from remarkable employees driven by a passion to outperform, we are an international energy company with the best portfolio in our history, using our global leadership in carbon management to advance a more sustainable future.
今年是我们在纽约证券交易所上市 60 周年纪念，今年 2 月，我们任期最长的一些员工敲响了收盘钟以庆祝这一里程碑。自 1964 年 3 月 3 日开始交易以来，感谢所有购买公司股票的投资者对我们的支持。上市当日，我们的业务仅包括 6 个州内 252 口油气井。如今，在锐意进取、追求卓越的杰出员工大胆构想的推动下，我们已发展成为一家国际能源公司，拥有公司历史上最佳的资产组合，并凭借全球领先的碳管理能力，助力迈向更可持续的未来。
In 2023, Oxy continued to deliver differentiated long-term shareholder value, executing our strategy through superior assets and operations while leading in the emerging lower-carbon world. We earned \$5.5 billion in free cash flow before working capital1 in 2023, which enabled us to pay nearly \$600 million of common dividends, repurchase \$1.8 billion of common shares and redeem over \$1.5 billion of preferred shares, while also investing \$6.2 billion in our businesses.
2023 年，Oxy 继续通过卓越资产和运营执行战略，在新兴的低碳世界中保持领先地位，为股东创造差异化的长期价值。当年我们实现了 55 亿美元的营业资本前自由现金流¹，使我们能够支付近 6 亿美元普通股股息、回购 18 亿美元普通股，并赎回超过 15 亿美元的优先股，同时向各项业务投资 62 亿美元。
Our year-end 2023 proved reserves increased to approximately 4.0 billion barrels of oil equivalent (Boe) from 3.8 billion Boe in 2022. We ended the year with production from our global oil and gas business exceeding the midpoint of full-year production guidance.
截至 2023 年底，我们的已探明储量由 2022 年的 38 亿桶油当量（Boe）增至约 40 亿桶油当量。全年全球油气业务产量也超出了全年产量指引的中点。
Across our onshore operations, our technical teams are unlocking value and driving efficiency in our exceptional portfolio through advanced subsurface modeling, innovative well designs, enhanced artificial lift technology and field optimization. As a result, we achieved record new well productivity rates in our Delaware, DJ and Midland Basin operations. In addition, with our partner ADNOC, we safely completed the expansion of the Al Hosn plant in the UAE, which also delivered record annual production.
在陆上业务方面，我们的技术团队通过先进的地下模型、创新的井筒设计、改进的人工举升技术和油田优化，持续释放价值、提升效率，从而在德拉瓦盆地、DJ 盆地和米德兰盆地创造了新井产量纪录。此外，我们与合作伙伴 ADNOC 安全完成了阿联酋 Al Hosn 工厂的扩建，并实现了年度产量新高。
In the Permian, our production outperformed the Delaware Basin industry average 12-month cumulative oil production by nearly 50 percent, and our teams delivered a horizontal well with the highest-ever six-month cumulative production in the history of the New Mexico Delaware Basin. Based on this production metric, Oxy has drilled eight of the top 10 horizontal wells of all time across the entire Delaware. In Oman, our teams drilled a near-field exploration well which delivered our highest Oman initial production test in nearly a decade. Our deepwater Gulf of Mexico teams are also leveraging technology to enhance productivity, completing Oxy’s first deployment of a subsea pumping system in the K2 field, which achieved first lift four months ahead of schedule.
在二叠纪盆地，我们的产量较德拉瓦盆地行业平均水平的 12 个月累计石油产量高出近 50%，团队还交付了一口创下新墨西哥德拉瓦盆地历史最高六个月累计产量的水平井。按该产量指标计算，Oxy 已在整个德拉瓦盆地钻成了历史前 10 名水平井中的 8 口。在阿曼，我们的团队钻探了一口近场勘探井，取得了近十年来阿曼最高的初始产量测试结果。在墨西哥湾深水区，我们的团队也在利用技术提升产能，在 K2 油田完成了 Oxy 首套海底泵系统的部署，比计划提前四个月实现首次抽采。
OxyChem performed exceptionally well in 2023. It exceeded guidance and achieved \$1.5 billion in pre-tax income for the third time in its history, due largely to lower energy costs and an efficient planned turnaround at its Ingleside plant, even as product markets softened compared to 2022. In 2023, OxyChem also launched the modernization of chlor-alkali operations at its Battleground facility that will result in additional capacity and products our customers desire.
OxyChem 在 2023 年的表现同样出色。在产品市场较 2022 年走软的情况下，由于能源成本降低以及位于伊格尔赛德工厂的高效计划性检修，该业务第三次实现 15 亿美元税前利润并超出业绩指引。2023 年，OxyChem 还启动了位于 Battleground 工厂的氯碱装置现代化改造项目，将带来客户所需的额外产能和产品。
In 2023, we strengthened our portfolio through strategic capital allocation to drive shareholder returns and accelerate our progress and partnerships to help address the climate challenge. In addition to high-grading our oil and gas portfolio through organic development and appraisal work, we announced in December the strategic acquisition of CrownRock, which we believe will add high-margin, low-breakeven inventory and be free cash flow accretive. We expect to close this acquisition in the second half of 2024, subject to regulatory approval. We also closed two strategic commercial transactions in 2023 that we expect will deliver sustainable multi-year value to our shareholders, including the acquisition of Direct Air Capture (DAC) technology innovator Carbon Engineering and our STRATOS joint venture with BlackRock.
2023 年，我们通过战略性资本配置强化资产组合，以提升股东回报并加速应对气候挑战的进程与合作。除通过有机开发和评价工作对油气资产进行优选外，我们还于 12 月宣布战略收购 CrownRock，该交易预计将增加高利润、低盈亏平衡点的储量，并对自由现金流具有增值作用；在获得监管批准后，我们预计将于 2024 年下半年完成该收购。当年我们还完成了两项预计将为股东带来多年可持续价值的战略商业交易，包括收购直接空气捕集（DAC）技术创新者 Carbon Engineering 以及与贝莱德共同成立的 STRATOS 合资企业。
2023 marked the fifth anniversary of Oxy Low Carbon Ventures (OLCV), which has integrated the expertise of Oxy’s global workforce in carbon management—including our subsurface engineering teams characterizing reservoirs for CO₂ storage, operations teams conducting large-scale CO₂ separation, transportation, use and recycling and OxyChem’s chemical processing and products. Our remarkable achievements on our net-zero goals and strategy in this short time include completing 48 percent of the construction of Trains 1 and 2 for the STRATOS DAC facility, designed to remove up to 500,000 metric tons of atmospheric CO₂ per year; agreements to explore a DAC facility in the UAE and Carbon Capture, Utilization and Storage projects in Oman; signed contracts for Carbon Dioxide Removal credits that will be generated from STRATOS with major companies including Amazon, All Nippon Airways and TD Securities; and further reduction of operational greenhouse gas emissions, including sustained zero routine flaring across our U.S. operations in 2023. Oxy was also recognized by CDP with an A- score for the company’s 2023 climate disclosure, tied for the top score in the global E\&P industry and placing Oxy at CDP’s Leadership Level across all industries.
2023 年也是 Oxy 低碳事业部（OLCV）成立五周年。该部门整合了 Oxy 全球员工在碳管理领域的专业能力——从对储层进行二氧化碳封存评价的地下工程团队，到进行大规模二氧化碳分离、运输、利用与循环的运营团队，再到提供化学流程和产品的 OxyChem 团队。在短短几年里，我们在净零目标和战略方面取得了显著成果：STRATOS DAC 设施 1 号和 2 号装置建设已完成 48%，设计年捕集能力可达 50 万吨大气二氧化碳；与阿联酋方面就建设 DAC 设施、与阿曼方面就二氧化碳捕集、利用与封存（CCUS）项目达成协议；与亚马逊、全日空航空及 TD Securities 等大型企业签署了来自 STRATOS 的二氧化碳移除信用合约；进一步降低运营温室气体排放，在 2023 年全年实现美国业务常规零放空燃烧。Oxy 还因 2023 年气候信息披露获得 CDP A-评级，在全球 E\&P 行业并列最高，处于 CDP 各行业领导者级别。
Oxy is also actively engaged with governments, the UN-sponsored Oil and Gas Methane Partnership (OGMP) 2.0, and climate-focused organizations like Ipieca, the Oil and Gas Climate Initiative and the CCS+ Initiative to accelerate solutions that help a range of industries and society at large meet global climate challenges. To help others address emissions, Oxy was the only U.S. oil and gas company to commit funding to the World Bank’s Global Flaring and Methane Reduction Partnership, aimed at assisting developing countries with reducing CO₂ and methane emissions from the energy sector. Oxy was also one of 50 original signatories of the Oil and Gas Decarbonization Charter, supporting accelerated climate action across the oil and gas sector to achieve the goals of the Paris Agreement, at the Dubai COP28 climate summit in December.
Oxy 还积极与各国政府、联合国发起的油气甲烷伙伴关系（OGMP）2.0 以及 Ipieca、油气气候倡议（OGCI）、CCS+ 倡议等气候组织合作，加速为各行业及社会提供应对全球气候挑战的解决方案。为帮助他国减少排放，Oxy 是唯一向世界银行全球放空燃烧与甲烷减排伙伴关系提供资金的美国油气公司，该项目旨在帮助发展中国家降低能源行业的二氧化碳和甲烷排放。Oxy 同时也是《油气脱碳宪章》的 50 家首批签署企业之一，在 2023 年 12 月迪拜 COP28 气候大会上，支持油气行业加速气候行动以实现《巴黎协定》目标。
In closing, I’d like to thank our Board of Directors for their guidance, and our employees for their dedication to operational excellence and innovation. I’m deeply proud of our team’s accomplishments and confident that Oxy has the portfolio, strategy and capabilities to maximize value for our shareholders by continuing to deliver the energy the world needs—and creating a lower carbon future for generations to come. Thank you for your support and investment.
最后，我要感谢董事会的指导，感谢员工对运营卓越和创新的不懈追求。我为团队的成就深感自豪，并确信 Oxy 凭借其资产组合、战略和能力，能够继续满足世界能源需求的同时，为未来世代创造低碳未来，从而最大化股东价值。感谢各位的支持和投资。